Corruption and Economic Development : Evidence from Nigeria

Ibraheem, Nageri Kamaldeen; Gunu, Umar; Ajoke, Falilat Abdul

doi:10.12816/0017454

Cited by 18 publications

(5 citation statements)

References 2 publications

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“…The outcome of this result, however, is not surprising going by many abandoned capital projects due to corruption. This result provides further empirical support to previous empirical studies that have also confirmed a declining impact of corruption on growth (Pellegrini and Gerlagh 2004, Mauro 1995, Akindele 2005, Adewale 2011and Nagari et al 2013.…”

Section: Interpretation and Discussion Of Resultssupporting

confidence: 87%

The Impact of Corruption on Economic Growth in Nigeria

Olarinde¹,

Jonathan²

2021

jad

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This study empirically analyses the impact of corruption on economic growth in Nigeria, using time series data for the period 1980-2015 analyzed through the ARDL technique. The result of the Bound test confirmed the existence of Cointegration among the variables. The ARDL results revealed that corruption has a significant negative influence on economic growth both in the short run and long run. It was further confirmed that external debt, agricultural output, and human capital development positively impact growth while FDI and inflation rate endanger growth, in both the short and long run. The result of the interacting term revealed the damaging influence of corruption on the positive impact of human capital expenditure and external debt on economic growth. Based on the findings of the study, it is obvious that achievement of growth that is sustainable will remain elusive in a corrupt environment. The study, therefore recommends that government should strengthen the activities of the anti-corruption agencies in Nigeria to reduce the rate of corruption.

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Section: Interpretation and Discussion Of Resultssupporting

confidence: 87%

The Impact of Corruption on Economic Growth in Nigeria

Olarinde¹,

Jonathan²

2021

jad

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“…The data above suggest that majority of property developers in the study area subscribed to the fact that the cost of building materials is a major factor affecting property development in the study (Ibraheem et al 2013). Okenna (2020) found that the effect of corruption not only persisting property development but also on the economic development of the country.…”

Section: Analysis Of Factors Affecting Residential Property Developmentmentioning

confidence: 81%

An Analysis of Problems in Housing Ownership and Property Development in Abuja, Nigeria

Wuyokwe

Yakubu

Miala

2022

JADHUR

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Since housing ranks second in the hierarchy of human needs, real estate development and the housing crisis have taken on a significant dimension today. In Abuja, Nigeria, several elements have an impact on these issues. Real estate development may evoke various feelings, depending on one's perspective. Several factors are considered a problem for housing ownership and property development. This study analyzes the problems associated with housing ownership and property development in Abuja, Nigeria. The study used quantitative research; 121 questionnaires were given to real estate developers, and 77 were retrieved and used for analysis. According to the study's findings, the following factors are known to affect residential property development: access to land, funding, exorbitant building material costs, corruption, government policy, high capital costs, high labor costs, Cost of land, mortgage interest rate, building costs, perception of buyers' lack of price control, and household expenditures are further factors. Factors impacting affordability are revealed to be mostly outside of the control of the landowner but are still subject to government regulation. As a result, to provide a solution for this element, the government must improve the welfare of its population concerning housing.

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“…Approval delays can impede project timelines, increasing costs and affecting business operations (Morisset & Lumenga-Neso, 2002). Corruption remains a pervasive challenge in Nigeria's business environment (Amadi & Alapiki, 2012;Ibraheem, Umar, & Ajoke, 2013). Businesses may encounter demands for bribes or kickbacks when dealing with regulatory authorities, customs, or law enforcement agencies.…”

Section: Regulatory Compliance In Nigeriamentioning

confidence: 99%

A Review on Data-Driven Regulatory Compliance in Nigeria

Bisola Beatrice Oguejiofor,

Adedolapo Omotosho,

Kehinde Mobolaji Abioye

et al. 2023

Int. j. appl. res. soc. sci.

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In Nigeria's dynamic regulatory landscape, compliance challenges pose formidable obstacles to businesses and organizations across various sectors. This research explores Nigeria's multifaceted world of compliance, highlighting the intricacies of regulatory requirements, bureaucratic complexities, and resource constraints that organizations face. Amid these challenges, the pivotal role of data-driven approaches and technology in enhancing compliance efforts emerges as a central theme. The study's key findings reveal the complexity of Nigeria's regulatory environment, characterized by multiple authorities, inconsistencies, and persistent challenges like corruption and bureaucracy. Smaller organizations often grapple with resource limitations, hindering their ability to implement comprehensive compliance strategies. However, the research unveils the transformative power of data-driven solutions in addressing these compliance hurdles. Through real-world case studies spanning diverse sectors, it becomes evident that organizations can leverage data and technology to automate compliance processes, make informed decisions, and achieve real-time monitoring. These advancements lead to enhanced compliance, cost savings, improved reputations, and greater efficiency. The study provides a roadmap for organizations, emphasizing the importance of investing in data infrastructure, automation, and ethical data usage. Additionally, it underscores the need for collaboration with regulators, data privacy compliance, and a commitment to transparency. For regulators, the research recommends embracing regulatory technology (RegTech) solutions, fostering data-sharing platforms, ensuring transparency, and maintaining consistency in enforcement. Furthermore, it highlights the significance of educational initiatives and adaptive regulations to keep pace with technological advancements. Ultimately, the research illuminates the way forward in Nigeria's compliance landscape. Organizations that adopt data-driven approaches stand to navigate complex regulations more efficiently and proactively manage risks, contributing to business growth and sustainability in an ever-evolving environment. Meanwhile, regulators with data-driven tools can enhance oversight and enforcement, creating a more transparent and compliant business environment. Together, these efforts pave the path toward a future where compliance is not just a requirement but a strategic advantage in Nigeria's vibrant economy. Keywords: Compliance, Regulatory Landscape, Data-Driven Solutions, Nigeria, Regulatory Challenges, Technology, Data Analytics, Regulatory Bodies, Corruption, Data Privacy.

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Corruption and Economic Development : Evidence from Nigeria

Cited by 18 publications

References 2 publications

The Impact of Corruption on Economic Growth in Nigeria

The Impact of Corruption on Economic Growth in Nigeria

An Analysis of Problems in Housing Ownership and Property Development in Abuja, Nigeria

A Review on Data-Driven Regulatory Compliance in Nigeria

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